Carlos Ghosn says the electric cars business may be profitable within 3 years

Article by Christian Andrei, on November 21, 2010

The Renault-Nissan alliance plans to introduce new car models for the alliance's electric cars business to be profitable within three years.

In a recent interview with Bloomberg Television in New York, Renault-Nissan CEO Carlos Ghosn says a lot of customers want zero-emission cars and such segment will grow in time.

Renault SA, Nissan Motor Co., Mitsubishi Motors Corp., Toyota Motor Corp. and other automakers are driven by higher oil prices, pollution, and tighter government emission regulations to develop electric cars.

Ghosn forecasts that, by 2020, battery-powered cars may account for 10 percent global auto sales.

The Renault-Nissan alliance says it will have an annual capacity to produce 500,000 electric cars by 2012. The alliance plans to introduce at least 8 electric vehicles including the Nissan Leaf and the Renault Fluence.

The Leaf will cost about EUR30,000 with incentives when it goes on sale in early 2011 in select markets.

Nissan plans to sell about 25,000 units of the $32,780 Leaf in the U.S. during the model's first year, following its introduction in 2010. [via autonews - sub. required]

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

Hyundai is making the green vehicle race more competitive by offering three powertrain types -- pure electric (EV), hybrid (EV plus combustion engine) and plug-in hybrid (PHEV) – in one...
by - December 9, 2016
Although specs for the new Renault Megane had already surfaced several weeks ago, we didn’t know that the company has cooked up something new. Aside from the 200hp gasoline, Renault‘s...
by - December 9, 2016
For the first time in fifty-eight years, Infiniti registers its first US-Spec Q60 Coupe in Cuba. American products have not been allowed entry into Cuba for six decades. But it...
by - December 9, 2016
Chevrolet has already given out the pricing for some of its 2018 Equinox models. Not only will the new Equinox be available in both the US and Canada, it is...
by - December 9, 2016
Nearly all details have been set with regards to the upcoming market introduction of the new Jaguar I-Pace. Its production version was recently previewed at the 2016 Los Angeles Auto...
by - December 8, 2016
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries